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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $ 870 2 950 3 0 4
| The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. |
| Year | Cash Flow | |||||
| 1 | $ | 870 | ||||
| 2 | 950 | |||||
| 3 | 0 | |||||
| 4 | 1,540 |
| What is the present value of the cash flows?(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Present value | $
|
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
